United States

Report | This week’s rate hike virtually certain

Summary

With the last hurdle cleared, the Fed is virtually certain to hike rates 25 basis points this week. Last week's employment situation release, notably wage growth, signaled that the Fed has enough evidence to support a rate hike, and the probability of three rate hikes in 2017 is increasing. However, looking forward, the fiscal policy agenda that was going to spur the economy to faster growth in 2017 and 2018 now looks tenuous. ​

Learn more in our complete economic insight report for March 14, 2017.